Japanese financial services firm – ORIX corporation – has acquired a 70% equity stake in Gravis Capital Management, facilitating the expansion and growth of Gravis at a time of continued investor demand for real asset investments.
Gravis hopes to utilise the support of ORIX to expand its franchise and broaden its investment platform into Europe, catering to demand for private assets and responsible investing.
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There will be no adjustments to any of the funds currently managed by Gravis, and it will continue to operate under its existing brand whilst remaining independently managed.
The financial terms of the transaction, which is expected to close during the first quarter of 2021, were not disclosed.
Rollo Wright, CEO of Gravis, will continue to manage the firm’s strategy and operations. Expressing excitement over the strategic partnership, Wright commented: “It offers us the very attractive combination of support to expand our capabilities, while preserving our business focus, organisational structure and investment culture providing long-term stability for our investors, business partners and employees.”
Gravis boasts a strong reputation as an investor in uncorrelated, income generating investments across the UK infrastructure, renewable energy, debt and real estate sub-sectors.
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By GlobalDataThe acquisition of the firm aligns with ORIX’s strategy to expand its asset management business into renewable energy and infrastructure related investments.
Kiyoshi Habiro, CEO of ORIX UK, said: “The acquisition of Gravis is integral to ORIX’s strategy of broadening its asset management business by expanding its private markets footprint into Europe. Gravis has developed an attractive and innovative business with strong growth potential at a time of heightened investor demand for sustainable real asset investments.”
ORIX is a global asset management operation, which has grown organically and through acquisitions.
The transaction is subject to receipt of regulatory approvals and the satisfaction of customary closing conditions. Houlihan Lokey EMEA, LLP and Fenchurch Advisory Partners LLP acted as Gravis’s financial advisors on the transaction and its legal counsel was Dechert LLP.
